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Demystifying ICP purchasing power parity Calculations using Python: Global results

The International Comparison Program (ICP) produces purchasing power parities (PPPs) and comparable price level indexes for each of its 170-plus participating economies, as well as PPP-based volumes and per capita measure of gross domestic product. ....

United States , Edie Purdie , International Comparison Program , World Bank Data Blog How , Power Parity , Real Size , Regional Implementing Agencies , Operational Guidelines , Basic Heading , Calculate Laspeyres , Calculate Paasche , Country Aggregation ,

Demystifying ICP Purchasing Power Parity calculations using Python

Demystifying ICP Purchasing Power Parity calculations using Python
New results from the ICP including purchasing power parities (PPP), price level indexes and PPP-based expenditures for reference year 2017 are now available at icp.worldbank.org. This blog series, edited by Edie Purdie, covers all aspects of the ICP and explores the use made of these data by researchers, policymakers, economists, data scientists and others. We encourage users to share their data applications and findings in this blog series via [email protected].

Every few years, results from the International Comparison Program (ICP) make headlines around the world as they shed new light on the size and structure of the global economy. Underlying these results are purchasing power parities (PPPs) for countries across the globe. PPPs are exchange rates or conversion factors that enable us to convert one currency into the other while also and this part is key adjusting for the fact that prices of ....

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